Top Analyst Says XRP Could Explode 600% — But Is a Crash to $1 More Likely?

XRP is in a pivotal moment in its price behavior as it attempts to hold above the important support price of $2, down more than 4% in the last 24 hours. Despite the sell-off, a few analysts are still speculating that a major flip in sentiment might happen, causing the start of a major XRP rally. One of these projections has an increase of 600% in XRP’s price to $15 if support holds. However, as the XRP market trend has deteriorated and technical indicators are becoming bearish, the most important question remains whether XRP has the ability to reverse the price trend and have a massive rebound in the near future.

Can XRP Really Hit $15?

According to crypto analyst Crypto Elites, XRP is forming a rounding bottom pattern, a classic sign that a trend reversal may take place. If the $2 level of support holds, then this pattern could trigger a breakout, sparking a strong XRP rally which would drive the market cap of XRP above $1 trillion and into the realm of Bitcoin and Ethereum. In addition to this, XRP market sentiment shows strength as whales have started moving XRP – an 8 million XRP transaction recently took place, indicating that whales aren’t ready to sell yet. Grayscale also added to the positive sentiment about XRP by stating that it has the top year-to-date performance amongst the top 10 cryptos.

The Bearish Case: Why XRP Could Still Drop Further

Even with positive forecasts, some do not believe that XRP will enter a rally. The market data shows that the funding rates are negative, meaning that more traders are placing wagers against an XRP rally. Moreover, the RSI on XRP has fallen to 25, displaying extreme selling pressure, and the ADX line is steadily climbing, indicating that the XRP market trend is still strongly bearish. Should this selling pressure be sustained, XRP risks dropping below significant support at $2.0 and fall to $1.81 or less.

XRP’s price action is at a critical decision-making juncture – caught in the battle of bulls versus bears. The next market movements will determine if XRP holds above the critical support and rallies or continues to trade lower. Let’s take a look at the recent price action and what the charts indicate.

Price Analysis and XRP Price Prediction

XRP’s trading session on March 28th is still declining, and it is finding it difficult to keep up. While trying to hold above the crucial $2.05 support level, the prices are still under constant selling pressure. A short-term trading range between $2.10 and $2.25 has formed, indicating that XRP is undergoing consolidation before its next big move. The primary resistance level on the upside is still $2.33, and there won’t be much of a chance to rebound until this level is broken. 

Chart 1, Analyzed by Alokkp0608, published on March 29, 2025.

The outlook offered by technical indicators is conflicting. Although it has repeatedly recovered from oversold levels, indicating short-term purchasing interest, the Relative Strength Index (RSI) is still below 60, suggesting weak bullish momentum. The MACD, on the other hand, displays alternating death and golden crosses, indicating continued market turbulence. A sustained golden cross could indicate a possible trend reversal, but if it doesn’t take hold, more selling pressure might be applied.

XRP at a Crossroads: Trend Reversal or Head Towards Further Decline?

XRP is seeing dull price movement as the price seeks to remain above the important support zone of $2.05. While analysts are speculating a potential XRP move of 600% upward should that support hold, the more negative signals such as funding rates turning negative, weak RSI strength, and a strong RSI downtrend indicates there is still a chance of downward downside. Overall, the asset has remained firmly stuck back and forth in a price range of $2.10 to $2.25, which reflects indecision. 

If XRP can break over the $2.33 price, the asset will reflect bullish momentum, and to confirm an XRP rally, it would need to break and hold above the $2.35 price. On the other hand, if XRP cannot hold $2.05 support iit could move toward $1.95 or further at $1.80. While there is a fight for control of the price between bulls and bears, traders will want to keep an eye on volume spikes and technical indicators such as MACD and RSI. The XRP price prediction indicates that traders should monitor confirmation from signals like MACD and RSI to ascertain the subsequent course of action.

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